Real Estate News

What sold for $16.5 million in Manatee?

ABC Investments Inc. has purchased Gardenwood Apartment Complex for $3 million. The apartments, located at 3223 3rd St. W, consist of 55 units that sit on about 3.5 acres.
ABC Investments Inc. has purchased Gardenwood Apartment Complex for $3 million. The apartments, located at 3223 3rd St. W, consist of 55 units that sit on about 3.5 acres. msmoore@bradenton.com

A pair of apartment complexes and several houses each sold in the seven figures for a combined $16.5 million, this week’s county property transactions report shows.

Among those transactions are ABC Investments Inc.’s purchase of Gardenwood Apartment Complex for $3 million. The apartments, located at 3223 3rd St. W, consist of 55 units that sit on about 3.5 acres. According to listings at loopnet.com, the apartments consist of six one-story buildings that were constructed in 1980, with a total 30,720 square feet. Records indicate that Gardenwood Apartments LLC originally acquired the property in March 2009.

In terms of recent real estate transactions, that wasn’t the biggest.

Cortez Plaza Apartments purchased 84 units on 3 acres of property at 4507 9th St. W for $6.27 million, county records show. They acquired the low-rise apartments from New-York based First Realty Corp, which has owned them since 2012.

Other sizable real estate transactions in Manatee County:

  • Julie and Kevin Rude purchased a house from North Shore LLC at 913 North Shore Dr. on Anna Maria Island for $2.6 million.
  • D.R. Horton, a homebuilding company based in Forth Worth, Texas, purchased a nearly one-acre piece of residential vacant land from Florida Coast Development Corp. for $1.75 million.
  • James and Lou Ranck purchased a house from Brian and Cathy Maddox at 761 Old Compass Road on Longboat Key for $1.675 million.
  • Rysal Enterprises LLC purchased a single family residential at 802 South Bay Blvd. on Anna Maria Island from Michael and Susan Brinson for $1.3 million.
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